Digitalization Augmenting Jewellery and Accessories Retailing in China: Ken Research

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Digitalization Augmenting Jewellery, Watches and
Accessories Retailing in China Ken Research
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• Chinese Jewellery, Watches Accessories Retail
  Market is expected to grow expand, on account
  of rising disposable income and changing
  lifestyle of Chinese consumers however at
  declining rates.
• Online retailing will be a key distribution
  channel over the next five years at a CAGR of
  19.83 during 2015-2020.
• Ken Research announced its latest publication on,
  Jewellery, Watches and Accessories Retailing in
  China-Market Summary Forecasts, offer insights
  on the changing trends and key issues within the
  Chinas Jewelry, Watches Accessories Retail
  Market.The publication includes an insightful
  analysis of changing consumer behavior, changing
  economic and demographic factors, technology
  innovations, leading domestic and international
  players, distribution channels and regulatory
  framework within which the Jewelry, Watches
  Accessories Retail Market in China operates.

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• The analysis of the jewelry, watches and
  accessories sale through leading distribution
  channels such as specialist stores, departmental
  stores, online, hypermarket, supermarket and hard
  discounters, non-specialist direct retailers and
  duty-free retailers has been done from 2010 to
  2020. Global recession slowed down the growth in
  Chinas jewelry, watches and accessories retail
  market. However the rapid evolution of Chinas
  economy into a consumption-driven economy still
  provides for enormous growth opportunities in the
  retail sector. Rising middle class with
  increasing disposable income and an appetite for
  improved personnel appearance is expected to
  boost the accessories and jewellery market.
  Counterfeiting and brand consciousness has forced
  consumers to trade-up to expensive options.

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• Real jewellery is considered as an investment
  tool. The China Jewellery retail market size,
  watches and accessories is anticipated to
  experience a CAGR of 13.12 over the forecast
  period, to achieve a sales value of CNY1,451
  billion in 2020. Per capita spending on
  jewellery, watches, and accessories is expected
  to grow at a CAGR of 12.53 in 2015-2020.
  Retailer's expansion plans in tier lll and tier
  lV cities is also expected to drive further
  growth in the market. Another important forecast
  for Chinas jewellery, watches accessories
  retail market is the growth of online retailing
  as a key distribution channel although
  store-based retailers such as department stores
  as well as jewellery and watch specialist stores
  will continue to dominate the distribution
  channel in the market.

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• The reasons for the growth of online retailing
  can be attributed to increasing internet
  penetration, improved broadband infrastructure
  and access to mobiles tablets, which has led
  the Chinese jewellery and accessories enterprises
  more inclined towards online retailing. The
  online mode of retailing in jewellery, watches,
  and accessories sector is forecast to reach
  CNY190.5 billion by 2020 at a CAGR of 19.83
  during 2015-2020.
• Global Jewellery, Watches Accessories Retail
  Market
• Jewellery accessories market is one of the most
  dynamic and fast growing markets in the world.
  There are constant changes in the market
  conditions and hence in the behaviour of market
  participants. The jewellery accessories market
  is characterized by dynamic consumer behaviour, a
  high degree of innovation and fierce competition,
  which needs suppliers to be attentive to trends
  and developments in the market.

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• Some of the prominent trends in the global
  jewelry, watches and accessories retail market
  include
• In accessories market, national brands are being
  outpaced by international brands, while jewellery
  market is still primarily local.
• Restructuring of the distribution channel
  landscape, with the emergence of online
  retailing.
• Global tourism, counterfeiting practices and
  brand consciousness has boosted the market.
• Increasing and changing fashion and an
  acceleration of supply chain process have
  revolutionized the market.
• Polarisation in accessories market through growth
  of high low end market with stagnation of the
  middle one.
• Key Topics Covered in the Report
• Detailed profile of the Chinas Jewellery,
  Watches Accessories Retail Market
• Consumer demographics, trends and behaviours
• Historic and forecast retail sales value growth
  in Chinas accessories jewellery market
• Key business requirement for operating in Chinas
  jewellery accessories retail market
• Analysis of impact of Internet Technology on
  Chinas jewellery accessories retail Market
• Competitive landscape of the Chinas jewellery
  accessories market
• Analysis of key distribution channels of Chinas
  retail market
• Regulatory framework governing the Chinas retail
  market

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• To know more on coverage, click on the link
  below
• https//www.kenresearch.com/consumer-products-and-
  retail/luxury-goods/jewelry-watches-accessories-re
  tailing/29897-95.html
• Related Reports
• https//www.kenresearch.com/consumer-products-and-
  retail/wholesale-and-retail/retailing/29891-95.htm
  l
• https//www.kenresearch.com/consumer-products-and-
  retail/wholesale-and-retail/jewelry-watches-access
  ories-retailing-thailand/1807-95.html
• https//www.kenresearch.com/consumer-products-and-
  retail/wholesale-and-retail/jewelry-watches-access
  ories-retailing/1862-95.html
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• Contact Ken ResearchAnkur Gupta, Head
  Marketing Communicationsquery_at_kenresearch.comw
  ww.kenresearch.com

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